The addition of the medium-term note program provides another alternative to bank loans that should help Chinese companies lock up funding for longer periods and at lower cost. 中期票据(MTN)为企业提供了银行贷款之外的另一个融资渠道,应会有助于中国企业在较长时间内以较低价格锁定资金来源。
The relative ease of issuing made a huge difference : the volume of medium-term note issuance was nearly twice as large as that of exchange-listed bonds over the past two years. 发行的相对容易产生了巨大影响:过去两年中,中期票据(MTN)发行量是在交易所上市的债券的近两倍。